Frank Slootman Sells 48,990 Shares of Snowflake (NYSE:SNOW) Stock

Posted by James Conley on Aug 22nd, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 48,990 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20. Following the completion of the sale, the director owned 28,535 shares in the company, valued at $9,153,457.30. This trade represents a 63.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Slootman also recently made the following trade(s):

On Tuesday, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The stock was sold at an average price of $325.53, for a total value of $81,711,285.30.
On Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The stock was sold at an average price of $275.10, for a total value of $2,837,656.50.
On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The stock was sold at an average price of $274.39, for a total value of $79,486,667.15.
On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The shares were sold at an average price of $251.73, for a total value of $25,147,827.00.
On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total transaction of $25,000.00.
On Thursday, June 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $224.27, for a total transaction of $44,854,000.00.
On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00.
On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The stock was sold at an average price of $263.70, for a total transaction of $42,963,058.80.
On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The shares were sold at an average price of $252.43, for a total transaction of $110,331,094.68.
On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The stock was sold at an average price of $233.42, for a total transaction of $93,368,000.00.

Snowflake Trading Up 3.5%

SNOW opened at $332.52 on Friday. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $341.95. The company has a fifty day moving average of $279.09 and a 200-day moving average of $209.70. The stock has a market cap of $115.25 billion, a PE ratio of -94.47 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW – Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. Snowflake’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, sell-side analysts predict that Snowflake Inc. will post -1.81 EPS for the current year.

Institutional Investors Weigh In On Snowflake

Institutional investors and hedge funds have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new position in Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC bought a new stake in Snowflake during the 4th quarter worth approximately $29,000. Basecamp Wealth Advisors LLC increased its holdings in Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC raised its stake in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Analysts raised their price targets. Truist increased its target from $300 to $375 and maintained a “buy” rating, citing additional upside from Snowflake’s AI strategy and execution. Bank of America also raised its target to $395. The revisions reinforce bullish sentiment and imply further potential appreciation. Truist raises Snowflake price target
Positive Sentiment: Snowflake introduced dynamic AI model routing. The capability in Cortex AI Gateway and other products lets customers route workloads among multiple models based on complexity, cost and governance requirements. This may improve efficiency, reduce dependence on any one model provider and make Snowflake more attractive to enterprise customers. Snowflake introduces dynamic model routing
Positive Sentiment: The company is positioning itself as an “agentic control plane.” Commentary suggests Snowflake is seeking to manage data, governance and workflows as enterprises deploy autonomous AI agents. AI-related products are supporting reported product-revenue growth of 34%, while the company’s most recent quarterly results also exceeded revenue and earnings expectations. Snowflake’s agentic AI strategy
Neutral Sentiment: Snowflake is being compared with Palantir as enterprise AI infrastructure. Both companies are viewed as potential beneficiaries of production AI adoption, but investors continue to weigh their differing growth, valuation and business models. Palantir and Snowflake comparison
Negative Sentiment: Insider selling and security concerns remain risks. Director Frank Slootman sold a combined 300,000 shares for approximately $97.4 million across August 18 and 19, reducing his holdings substantially. The transactions were made under a pre-arranged Rule 10b5-1 plan, which limits their signaling value, but the scale may still weigh on sentiment. A report of a Snowflake vulnerability exploited after evading AI security checks also creates reputational and cybersecurity concerns. Snowflake insider selling

Analyst Ratings Changes

SNOW has been the topic of a number of recent analyst reports. Monness Crespi & Hardt boosted their price objective on Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. DA Davidson lifted their target price on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Royal Bank Of Canada lifted their target price on Snowflake from $313.00 to $372.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. UBS Group boosted their price target on Snowflake from $370.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wedbush increased their price target on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

View Our Latest Research Report on SNOW

Snowflake Company Profile

(Get Free Report)

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.